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The Privatisation Commission has received 12 expressions of interest for FESCO from three Turkish firms, one Chinese company, and eight Pakistani investor groups. Bidders are seeking a 51% to 100% stake with full management control, marking a significant milestone in the government's DISCO privatisation programme.
NEPRA has notified a fuel cost adjustment of Rs. 0.75 per unit for August 2026 electricity bills, adding Rs. 9.8 billion to national power costs to cover actual fuel expenses from June 2026. The adjustment applies to all WAPDA-origin DISCOs and K-Electric, with lifeline consumers, EV charging stations, and prepaid customers exempt.
The Central Development Working Party has approved Karachi's K-IV water scheme at a revised cost of Rs172 billion, nearly ten times the original Rs15.8 billion estimate set in 2007. The project's carrying capacity has been cut from 650MGD to 260MGD, and a 50MW electricity supply for its pumping stations forms a key part of the approved scope.
NEPRA has granted DHA Energy Supply Company a 21-year electricity distribution and supplier-of-last-resort licence for DHA City Karachi, making it the first privately owned entity to hold both licences under Pakistan's CTBCM framework. Desco will initially procure 6 MW from Lucky Cement Limited, wheeled through the K-Electric network, to serve residents and businesses along the M-9 motorway in District Malir.
K-Electric's industrial feeders consumed a record 6.08 billion units of electricity in FY26, surpassing the previous high of 5.84 billion units set in FY22 and marking a 20 percent year-on-year surge. The milestone was driven largely by the B3 category of cement, steel, and textile producers, with KE also adding 349 new industrial connections and 168 MW of fresh demand to its Karachi grid.
K-Solar (Private) Limited, the renewable energy subsidiary of K-Electric's investment arm KE Ventures Company, has signed an MOU with Chinese manufacturer Mingyang to develop wind energy and battery storage projects in Pakistan. The partnership could reduce fuel cost adjustments on Karachi electricity bills if projects progress from agreement to construction.
K-Electric led Pakistan Stock Exchange trading on Wednesday with 83.4 million shares as the KSE-100 gained 1,878 points to close at 179,571, ending a three-session losing streak. The Finance Bill 2026-27's amended electric vehicle duty structure and growing expectations of an SBP interest rate cut on 27 July 2026 drove broad buying interest across the market.
K-Electric topped the Pakistan Stock Exchange volume chart with 83.4 million shares traded on Tuesday as the KSE-100 benchmark shed 778 points to close at 177,692.92, marking a third consecutive session of losses. Energy sector stocks OGDC, PPL, and Sui Northern Gas Pipelines collectively added 217 points of support, while banking and fertilizer heavyweights dragged the index down by 595 points.
NEPRA has approved a net electricity rate cut of around 80 paisa per unit for June 2026 billing, growing to Rs 1.99 per unit in July and August. The relief results from a Quarterly Tariff Adjustment of Rs 1.99 per unit for Q1 2026 outweighing a concurrent Rs 1.19 per unit Fuel Cost Adjustment for April, delivering roughly Rs 56 billion in total consumer benefit over three months.
The federal government and Karachi consumer groups formally opposed K-Electric's Rs 60 billion backdated End-of-Term adjustment claims at a NEPRA public hearing on Tuesday. NEPRA acknowledged the legal basis for the adjustments under the 2017–23 MYT framework but did not issue a final determination.
Pakistan's Q1 2026 solar imports crossed 22GW — more than a decade of grid capacity — as industrial and residential buyers race to bypass rising tariffs.
K-Electric has filed an MYT petition asking NEPRA for an average Rs. 5.62/unit hike, citing distribution losses and rising capex costs.